| Today's Economy
Economic Roundup: ADP Disappoints, Biden Bends, and U.K. Goes Big on Stimulus New U.S. labor market data were not impressive while new income caps for checks may tweak forecast. U.K. Expands Fiscal Stimulus Among other measures, the furlough scheme was extended for six months. LatAm Daily Briefing: Green Finance Still Waking Up in Region Latin America has issued 2% of global green bonds. Will Lumber Prices Take Down U.S. New-Home Sales? The NAHB is raising concerns about a lumber crisis that is driving up costs for building new homes. » VIEW MORE TODAY'S ECONOMY
Commentary
Consequences of Vaccination Delays in APAC A slow pace could lead to continued interruptions of business travel. Low Oil Prices Drag Down Algeria's Foreign Currency Reserves IMF forecasts show that the reserves could be depleted as early as 2023. Global Vaccine Tracker Update: Herd Immunity Coming Europe continues to lag because of the lack of supply of vaccines. U.S. Road to Recovery: About to Take Off? Though the economy will have slowed in February, growth will be strong in the second half of this year. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Consumer Price Index
Feb. 2021: -0.5%
Swiss inflation fell by 0.5% y/y in February, the same rate as in the previous month. Austria
Employment and the Labour Market
Jan. 2021: 11.4%
Austria's labor market took a step back in January. Italy
GDP
2020Q4: -1.9% q/q
Italy's GDP contracted by 1.9% q/q in the fourth quarter of 2020, slightly better than preliminary estimates of a 2% drop. United States
MBA Mortgage Applications Survey
February 26: 0.5%
Mortgage applications increased by 0.5% in the week of February 26, after declining by 11.4% in the previous week. United States
Vehicle Sales - BEA
Feb. 2021: 15.7 mil, SAAR
The Bureau of Economic Analysis reported U.S. unit vehicle sales dropped below 16 million seasonally adjusted annualized units in February. Brazil
GDP
2020Q4: -1.1% y/y
Brazil’s economy gained more strength in the last quarter of the year, although the speed of recovery moderated. United States
ADP National Employment Report
Feb. 2021: 117,000 m/m, ths
The labor market recovery is limping forward. Canada
Building Permits
Jan. 2021: 8.2%
Elevated house prices are motivating builders to push ahead with new construction at a record pace, at least in the residential market. United States
ISM Nonmanufacturing Index
Feb. 2021: 55.3
Survey-based data point to a nonmanufacturing sector that expanded in February, albeit at a slower pace, despite devastating winter storms and a festering virus. United States
Moody’s Analytics Policy Uncertainty Index
February 26:
United States
Oil Inventories
February 26: 484.6 mil barrels
A massive and unforeseen leap in crude oil inventories will damage oil prices. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Feb. 2021: 36.5%
Wholesale used-vehicle demand remains extraordinary in Australia. Uruguay
Consumer Price Index
Feb. 2021: 9.1% y/y
Inflation in Uruguay ticked up in February. United States
Beige Book
Mar. 2021:
The economy expanded at a modest tempo between January and mid-February, according to the latest Beige Book. South Korea
GDP
2021Q1:
South Korea
Consumer Price Index
Feb. 2021:
Australia
Foreign Trade
Jan. 2021:
Australia
Retail Sales
Jan. 2021:
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